Qazaq Air's long-awaited privatization process should complete by the end of the year as Vietnam’s Sovico Group works to close its deal with Kazakhstan.
Aviation Holdings Company, part of Sovico Group, has signed a binding agreement to buy Qazaq Air, the office of Kazakh President Kassym-Jomart Tokayev reports.
The airline is being privatized to meet the growing demand for air travel and reduce the Kazakhstan government's involvement in the civil aviation industry.
Kazakhstan needs to promote itself better as a tourist destination if it is to see serious growth in passenger numbers, delegates at Routes Silk Road 2019 have been told.
China is setting out its stall for a $900bn investment programme to nurture new trade links between East and West. Routes News looks at the opportunities for air transport providers.
The airline will initially operate with a fleet of three 78-seat turboprops acquired via Abu Dhabi-based VVIP charter airline Falcon Aviation Services. The first aircraft was ferried in a predominantly white livery from the Bombardier factory at Toronto’s Downsview Airport to the carrier’s Almaty International Airport base between June 30, 2015 and July 2, 2015 via Vancouver, Keflavik, London Southend and Minsk.
